Poland: Potato Starch Market 2024

Potato Starch Market Size in Poland

In 2021, the Polish potato starch market decreased by -6.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Potato Starch Production in Poland

In value terms, potato starch production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Potato starch production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Poland

In 2021, overseas shipments of potato starch were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch exports soared to $X in 2021. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), the United States (X tons) and Malaysia (X tons) were the main destinations of potato starch exports from Poland, together accounting for 38% of total exports. These countries were followed by Taiwan (Chinese), South Africa, Australia, Uzbekistan, Russia, the Netherlands, Thailand, Mexico, Belarus and Peru, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +55.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato starch exported from Poland were South Korea ($X), the United States ($X) and Malaysia ($X), together accounting for 37% of total exports. These countries were followed by Taiwan (Chinese), Russia, Australia, South Africa, Uzbekistan, Thailand, Belarus, Mexico, Peru and the Netherlands, which together accounted for a further 31%.

Among the main countries of destination, South Africa, with a CAGR of +50.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, reducing by -14.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Poland

In 2021, overseas purchases of potato starch decreased by -19.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 41% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, potato starch imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 21%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Denmark (X tons) and France (X tons) were the main suppliers of potato starch imports to Poland, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +18.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest potato starch suppliers to Poland were Germany ($X), Denmark ($X) and France ($X), together comprising 83% of total imports.

Among the main suppliers, Denmark, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, rising by 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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